CPI good news vs wash cold water! $BTC Bulls vs bears battle

Brothers, the CPI data handed the big pie up to 64510, but one sentence from Wash made the market cool down again.

News:

June CPI month-over-month fell 0.4%, the probability of a rate hike in July plunged from 46% to 20%, and BTC broke through 64,000, rising nearly 5% that day. But Wash poured cold water: zero tolerance for high inflation; it won’t change its judgment based on a single month of data, and interest-rate tools are still on the list of policy options. The rebound strength was suppressed.

Technical analysis:

Resistance 65,000–65,500; a breakout could open 66,000–67,000;

Support 63,500–63,800; if it breaks down, look at 62,500.

Gongming view

The CPI upside was already priced in; Wash’s hawkish tone limits upside room, so chasing higher around 65,000 has low cost-effectiveness.

Trading strategy:

Conservative: wait for a pullback to around 63,500–64,000 to go long

Aggressive: go long with a small position near 64,500

The CPI gives you a chance to breathe, not a trend reversal. #伊朗宣布关闭霍尔木兹海峡 #美国核心CPI未达预期